Gold Shines: Analysts Project $2,700 Target by Year-End

The Federal Reserve is expected to cut interest rates at its upcoming meeting, with growing speculation of a larger 50 basis point reduction due to concerns about labor market weakness. This prospect has boosted gold prices while weakening the dollar. Analysts believe gold could reach $2,700 per ounce by the end of the year if the dollar continues to decline, as overall market conditions remain favorable for the precious metal.